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FOX Business
Aug 15, 2013 3:00pm EDT
in martha's vineyard to make that announcement. >> going forward i've asked my national security team to assess implications of the actions taken by the interim government and further steps that we may take as necessary with respect to the u.s./egyptian relationship. >> reporter: and that could be freezing u.s. aid to egypt. $1.3 billion a year in military assistance. now, on the economy the violence has so far not affected the suez canal, though oil prices have been moving higher in recent days on concerns that it could have an impact. tankers move more than two and a half million barrels of crude oil a day through the canal, egyptian shipping sources have told reuters that the canal and the country's ports are operating normally despite all this unrest, and the sources said that the military has deployed significant security at strategic areas. cheryl? cheryl: peter barnes, live out of washington. peter, thank you for that. we appreciate it. closing bell, we've got 46 minute toss go. on a day like today, that's probably good news to a lot of you. coming up next, the very latest
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